IMPLAN
2024 Economic and Fiscal Impact of Ohio's Craft Brewing Industry
Pages
21
Time to read
20 mins
Publication
Language
English
Pages
21
Time to read
20 mins
Publication
Language
English
This report presents a comprehensive analysis of the economic and fiscal impacts of Ohio's craft brewing industry for the year 2024. Commissioned by the Ohio Craft Brewers Association (OCBA), the study utilizes the IMPLAN methodology to estimate the annual impact of craft breweries across various regions in Ohio. The report outlines that the craft brewing industry generated approximately $1.29 billion in economic activity, supported around 12,255 jobs, and contributed $128.6 million in state and local taxes. The methodology section details the economic impact analysis, explaining direct, indirect, and induced effects, as well as the ripple effects created by the industry's operations. Additionally, the report highlights the growth of the craft brewing sector in Ohio, noting an increase in the number of breweries and their significant contribution to local economies. The findings underscore the importance of the craft brewing industry not only in terms of economic output but also in community development and job creation.